Fury in Brussels: Germany caves in to Russia’s rouble demands April 28, 2022 Germany has ceded to Russian President Vladimir Putin’s demand to pay for Russian gas with roubles, as the energy crisis deepens.
Laurence Fox asks judge to let jury hear his libel lawsuit April 28, 2022 English actor and right-wing political activist Laurence Fox is seeking for his libel lawsuit to be heard by a jury – in what would be the first libel trial to be heard by a jury in a decade. The request comes after Fox was sued by charity boss Simon Blake, Ru Paul’s Drag Race star [...]
Mastercard records surge in spending as global covid restrictions ease April 28, 2022 Payments giant Mastercard recorded a surge in spending on its network in the first three months of the year as consumers splurged on holidays and shopping as global covid restrictions were eased.
The City View: Victoria Scholar on Q1 and surprise negative GDP growth in US April 28, 2022 Today Andy Silvester hosts Victoria Scholar, Head of Investment at Interactive Investor. They go through Q1 results, where there’s been unexpected negative GDP growth in the US, strong results for Standard Chartered, and a mixed bag for Barclays and Meta; and talk China’s firm zero-Covid stance and its potential inability to backtrack.
Accountancy firm RSM consolidates power after buying out former partners April 28, 2022 The board of accountancy firm RSM has made a push to consolidate its power, by taking control of almost all shares in the firm through a buyout of its former partners. The shareholder buyout comes after RSM shareholders launched a coup against the accountancy firm’s ex-board in 2020, following the discovery an almost £10m hole [...]
Three quarters of Brits are against Channel 4 privatisation April 28, 2022 Despite the government’s grand push to privatise Channel 4, new data has revealed that over three quarters of the public consultation respondents examining the subject said they wanted to keep the broadcaster public. Of the 50,000 people who responded to the government’s survey, 77 per cent felt that the government should not remove the publisher-broadcaster [...]
McKinsey helped ‘turbocharge’ opioid sales while working for US regulators, House committee says April 28, 2022 Consultancy giant McKinsey played a “pivotal role” in the US opioid crisis by helping Purdue Pharma “turbocharge” sales of opioid painkiller Oxycontin whilst working for US drug regulators, a Congressional report has said. The multi-billion-dollar consulting firm helped Purdue develop strategies to boost sales of its addictive painkiller, by advising the firm to offer its [...]
Apple gears up for another EU antitrust fine for mobile wallet April 28, 2022 Apple is set to be whacked with fresh European antitrust charges next week after it was accused of restricting rivals from accessing mobile payment systems. As reported by the Financial Times, the world’s most valuable firm will be accused of breaking EU law by unfairly blocking third party apps from the wallet. Apple currently requires [...]
Glass Lewis drums up rebellion against NatWest chief’s £5m payout April 28, 2022 One of the world’s biggest shareholder representation groups is urging investors in NatWest to rebel against an over £5m payout to the bank’s boss. Alison Rose, the bank’s chief, is set to net the first significant executive pay upgrade since NatWest fell back into private hands last month for the first time since it was [...]
MPs size up venture capital as an engine for ‘levelling up’ April 28, 2022 MPs revealed they are exploring the potential of venture capital to act as an engine of the government’s ‘levelling up’ agenda today, as the Treasury Select Committee opened a consultation into the state of the industry.
